Beverly Center Tanning Salon w/Room to Grow Classy Operation!

Location: California, United States
Category: Services
Type: Established

Financials

Asking Price: $75,000
Cash flow: $40,000
Revenue: Not Disclosed
Gross Income: $99,000
Inventory: $500 - Included in the Asking Price
FF&E $80,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This very classy tanning salon is ideal for a working owner who is also a service provider. The facility is located in a high end shopping center with excellent street visibility and complementary neighbors. The salon, established in 1990, offers a new owner 3 empty rooms available for facials, massage, or other related services (no hair, nails, waxing, or medi-spa services). The salon is very spacious, clean and well designed. This salon s signage and prime location offer a new owner a plethora of opportunities for expansion. Several avenues for growth are available to new owners. New management will seek to lease the three vacant storage rooms, (the owner seeks to lease back one room at $300/mo), or potentially add massage, facials, body wraps, photo-facials, customized spray tan, or other services which may gain landlord approval. They will also seek to potentially upgrade some of the equipment, while engaging in an aggressive marketing campaign as the current owner relies on passive advertising (drive by traffic and a yellow page ad).

Facilities:
This 1,600 square foot facility rents for approximately $3,500/mo (including CAM) with a lease until 2010 and a 5 year option. The business is located in a busy high end shopping center that also houses a medi-spa, nail and beauty salon in one of Los Angeles s busiest shopping corridors. The sale includes a variety of high and low pressure lay down beds, a stand up unit, a spray tan unit and 3 empty rooms. All equipment will be fully paid off in the sale.

Financing:
Not Offered ...

Support:
Owner will train for 2 weeks at 20 hour per week.

Competition:
Competition in the Beverly Center Area is considered very high, as it is at the epicenter of the modeling and acting industries, and a highly image conscience community.

Growth:
Several avenues for growth are available to new owners.

General Information

Reason Selling: Personal

Number of Employees:
Year Established: 1990